Bitcoin Market Trends: Xinya's Post-August 29 Analysis
Xinya discusses possible Bitcoin market trends after August 29 in an interview. According to Xinya, BTC's ema144 is at 77,800 and ema120 on the four-hour chart is at 72,500. The current price of BTC is around 77,600.
The distance between the current price and the previous high is now the same as it is to the downside. Xinya says that he is neither overly bullish nor bearish about the market ahead. He recommends watching support levels at 76,800, 75,400, and 73,700 for BTC.
Xinya also provides resistance levels above 78,800, 79,500, and 80,800 for BTC. For Ethereum, he suggests watching support levels at 2,420, 2,405, and 2,365, and resistance levels at 2,450, 2,520, and 2,565.
Xinya recommends entering with a small stop-loss or taking a light position and adding at the next sequence. He also suggests considering entering at specific prices to play for a rebound or test resistance.